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Savings and Loan Crisis / FHA #333570

CBS Evening News for Wednesday, Jun 06, 1990
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(Studio: Ed Bradley) Savings and loan crisis recalled. Report introduced.

(Washington: Terence Smith) US Housing and Urban Development Secretary Jack Kemp's announcement that Federal Housing Administration is losing money reported; details of losses and Kemp's proposed tighter loan restrictions outlined on screen. [Home buyer Kevin JEFFRIES - says he needs Federal Housing Administration mortgage.] [KEMP - comments.] [Mortgage Bankers Association Jane DeMARINES - comments on effects of Kemp's proposals.] New restrictions noted needing Congressional approval.

Reporter(s):
Bradley, Ed;
Smith, Terence
Duration:
00:02:10

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